New research indicates that 4 out of 5 house sales in the UK were completed successfully between July and September 2015 according to a report on propertywire.co.uk
The figures, from Quick Move Now, show that the rate for house sales failures dropped from over 36% in the second quarter of the year to approximately 19% in the third quarter, its lowest since 2012
Business Manager at Quick Move Now, Danny Luke believes that those looking to purchase properties are eager to secure a quick sale due to potential interest rate rises and the perceived continued buoyancy of the property market, saying ‘Often, buyers will already have sought financial advice, have mortgage offers in place, and taken time to really consider affordability so they know what they can afford and they know what they're looking for, so when they find a good property they want to snap it up as quickly as possible and not risk losing out to another buyer,’
In the article separate research carried out by estate agents, Frank Knight, shows that a number of areas in the capital are already seeing property sales in excess of the £1million barrier with those properties under the £2Million price tag set to continue with estimated population growth of 100,000 per year for the next 10 years.
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